$this->bbcode_second_pass_quote('Enquest', 'W')hat should be the global decline rate when it happens. I wonder how this will go.
If many fields go in decline at the same time then the global decline would be far more then 2 or 3% a year. And it looks like most contry's will decline at the same decade. So what would the say for 9 to 10 %???
PeakOil is You
decline rate
Re: decline rate
by AdamB » Fri 06 Feb 2026, 23:17:15
Well Enquest, interesting question. The futre however has spoken, and future decline rates turned out to be temporary as, with occasional peak oils since you asked your question, the world has peaked...and then peaked, and then peaked some more.
And once peakers were discredited by the first couple of comings and goings...well....the global peak that happened in 2018? No one even noticed. And recently there is talk of yet ANOTHER global peak.
i.e. No clues on overall decline yet, these decades later.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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